Anthropic commits 5% of shares to new public benefit fund that could address AI job disruption

Anthropic said Sunday it plans to commit 5% of its shares to a new public benefit fund, with the stake potentially increasing as the company's valuation grows. Subject to shareholder approval, the fund would immediately commit 5% of Anthropic's shares, with the board adding, at its discretion, an additional 2% for every 50% increase in the company's value above a set baseline that has yet to be disclosed. Anthropic said that while it has already committed $200 million to study the AI's effects, "given the pace of AI progress, bolder approaches may be needed." The fund may be used to...